[1] The club also proactively identifies, funds and develops projects which anticipate and address social issues and pressing needs in Hong Kong.

The Hong Kong Jockey Club also provides dining, social, sport and recreation facilities to its approximately 23,000 members.

[citation needed] In July 2005, the decision was made to stage equestrian competitions of the 2008 Summer Olympics in Hong Kong.

Following the transfer of sovereignty of Hong Kong, the popularity of horse racing declined substantially, possibly due to economic conditions in the region.

[6] In January 2008, Eclipse and Sovereign Award winning jockey Emma-Jayne Wilson became the first North American female rider to be granted a license to compete in Hong Kong.

In 1974, it opened 6 off-course branches where the members of the public could wager on horse race meets at the club's Happy Valley racecourse.

In 2006, after years of declining turnover, the Hong Kong Legislative Council passed the Betting Ordinance (Amendment) 2006.

In 1993, a new entity was established, The Hong Kong Jockey Club Charities Trust, to reflect the evolving nature, scale and scope of donations.

Over many years, the Club has established its position as a major social partner in fostering a caring and inclusive community in Hong Kong.

It accomplishes this through donations made to its community partners via The Hong Kong Jockey Club Charities Trust; various Trust-initiated projects; and by organising its own events that allow people to experience a healthy and vibrant lifestyle.

Over the past decade, The Hong Kong Jockey Club Charities Trust has donated an average of HK$5 billion a year to the community.

The Charities Trust’s substantial donations to the community are made possible by The Hong Kong Jockey Club’s unique integrated business model, which comprises racing and racecourse entertainment, responsible sports wagering and lottery, a membership club, and charities and community contribution.

Approximately 90% of the Club’s annual operating surplus after tax is donated to its Charities Trust, enabling it to play a significant role in the community’s development.

[12] The Happy Valley Racecourse occupies a 92,000 m2 plot of land on Inland Lot 8847, under a government-subsidized Private Recreational Lease.

[14] In August 2024, news reported that the Jockey Club would convert some land it leased cheaply from the government (HK$84,600 per year) to build and sell private residences with high potential profit,[15] with one researcher saying that such a plan was unfair and that "The government has leased the land to them at a very favourable price.